Contact our offices
Make an enquiry
How can we help?
A compulsory liquidation is the result of a winding up petition being issued at court against the business, usually where the business is unable to repay its debt. If the petition is issued your company could be in serious difficulty and you must seek professional advice immediately, speak to a member of our insolvency team on 01616 966 229.
The consequences of a winding up petition being and advertised are your business being unable to trade, as it is common for banks to freeze bank accounts and suppliers to restrict credit terms or demand early repayment of outstanding debts. If the winding up petition is successful an insolvency practitioner is appointed as liquidator and trading should immediately cease. The liquidator assumes full responsibility of the business and any assets which can be sold to raise funds and pay off your creditors.
Our corporate insolvency lawyers are highly skilled in advising businesses experiencing financial pressure and it is never too late to seek help. Our team can identify a range of recovery solutions reducing the risk of insolvency and preventing creditors taking legal action against your business, call us on 01616 966 229 or complete an online enquiry form and we will contact you directly.
loading staff
Navigating the Economic Crime and Corporate Transparency Act 2023
The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) represents a monumental shift in the UK's approach to combating economic crime and enhancing corporate transparency. This blog combines insights into the Act’s key provisions and...
The crucial role of due diligence in business acquisitions: a comprehensive guide
When it comes to purchasing a business, the importance of due diligence cannot be overstated. Whether you're a seasoned entrepreneur or a first-time business buyer, conducting thorough due diligence is essential to ensure that you make a well-informed...
Insolvency team reorder
